The P/E of the Qs is at 24, the overall market is 18 and the SPX is 17 and the Diamonds is 14. I feel like this is 1996 all over again where suddenly there was this switch into growth which seems to make sense. Im not going to fool with low P/E value stocks at this juncture, but high P/E growth stocks. I see the SPX and the DIA making nominal gains or chopping about while the NDX and other growth stocks make moves higher that will make your mouth open wide. In the future, I see the $NDX hitting 3000 and going possibly higher to meet its old 2000 highs. There will be wild P/Es along the way, but value stocks will be chopping around as the money leaves them for greener fields.